The project consists of an EBRD loan to the city of St Petersburg to upgrade the hazardous waste disposal site of "Krasny Bor".
The EBRD’s loan will finance part of the city's environmental action programme, which aims to:
- upgrade the hazardous waste disposal site in Krasny Bor and extend its lifetime until an alternative hazardous waste disposal facility is developed; and
- improve the institutional framework for hazardous waste management.
The project supports St Petersburg’s continued commitment to sound financial management, restructuring the municipal sector and increasing environmental awareness. It will have a considerable impact on the develop-ment of the private sector through the improvement of the operational environment. Krasny Bor has been identified by the countries bordering the Baltic as an "environmental hot spot", requiring priority action.
As well as being unacceptable from a worker health and safety point of view, the current operation poses a major threat to soil, groundwater and surface water. Upgrading of Krasny Bor is urgently required. The project will finance the major components of the upgrading and will provide the means for improving the regulatory framework and enforcing environmental law. The project will therefore provide considerable environmental and public health benefit not only to St Petersburg but also to the region as a whole.
The city of St Petersburg
US$ 5.5 million loan to the city of St Petersburg. The Bank’s loan will be used predominantly for investments at the only official hazardous waste disposal site ("Krasny Bor") for industrial companies located in the city of St Petersburg and the Leningrad region. Krasny Bor is operated by a state unitary enterprise, which is a budgetary unit of the city of St Petersburg.
US$ 10.2 million (€11.3 million)
The project aims to improve unacceptable environmental and public health and safety conditions at the Krasny Bor facility and within its catchment area. Work will focus on site rehabilitation and overall improvement of local waste management practises. The project has been classified as B 1, requiring an Environmental Analysis and an Environmental Audit. Extensive environmental due diligence work has already been carried out and project development and implementation will take these findings into account. The project includes provisions for a public awareness campaign which will be the basis for consultation with all relevant stakeholders.
Grants of US$ 3-4 million are expected from international donors.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.